BNET Industries
- Private
- US
Dow Jones Description
PBGC is a federal corporation created by the Employee Retirement Income Security Act of 1974. It currently protects the pensions of 44.1 million American workers and retirees in 30,330 private single-employer and multiemployer defined benefit pension plans. PBGC receives no funds from general tax revenues. Operations are financed by insurance premiums set by Congress and paid by sponsors of defined benefit plans, investment income, assets from pension plans trusteed by PBGC, and recoveries from the companies formerly responsible for the plans.
Contact Information
Office of the General Counsel
1200 K Street, N.W.
Washington, District of Columbia 20005-4026
(202) 326-4400
Peer Companies
NAICS Code Pension Funds: 525110
Recent Events
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Congress wants Delphi pension situation to be 'fixed'
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Pension Benefit Guaranty Corporation PBGC Selects Siteworx for Web site Evaluation and User Experience Enhancements
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Blue Wolf Exec to Head U.S. Pension Agency
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Hayes Lemmerz strikes deal with PBGC, retirees
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Delphi retirees head to D.C.: Group will have hearing on lost benefits before Senate committee
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The PBGC strikes again
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NC's Hanesbrands boosts pension plan guarantees
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BRIEF-U.S. pension agency reaches $13.8 mln agreement with Hanesbrands
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Suit filed by ex-Delphi salaried group
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Time for true pension reform Politico
News & Analysis
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erisa and pension benefit guaranty corp. - All News and Analysis
Employee Benefits Law: ERISA and Beyond Features a Number of IRS and PBGC Forms, and Includes Thorough Coverage of Recent Landmark Supreme Court Decisions
- 2006-02-14
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c32848) has announced the addition of Employee Benefits Law: ERISA and Beyond to their offering.
Employee Benefits Law: ERISA and Beyond features a number of IRS and PBGC forms, and includes thorough coverage of recent landmark Supreme Court decisions.
- 2006-02-13
M2 PRESSWIRE-13 February 2006-Research and Markets: Employee Benefits Law: ERISA and Beyond features a number of IRS and PBGC forms, and includes thorough coverage of recent landmark Supreme Court decisionsC1994-2006 M2 COMMUNICATIONS LTD RDATE:16022006 Dublin - Research and Markets (http://www.researchandmarkets.com/reports/c32850)...
Pension pains: ERISA ... what did it do to your pension?(Staying Legal)
- 2005-07-01
We have all been reading about the losses suffered by employees in the air carrier business and others as a result of bankruptcies and the termination of their pensions. Here is a brief discussion of what's been going on. [ILLUSTRATION OMITTED] ...
Looming pension crisis needs creative solutions; Economists, politicians say the time is ripe for reform.(Retirement Crisis)
- 2005-05-09
Byline: Gregory Crawford and Vineeta Anand New York - When the next president of the United States takes office in January 2008, the oldest of the 77 million Americans, known as the baby boomer generation, will turn 62 and become eligible to...
The defined contribution paradigm.
- 2004-12-01
Pension cognoscenti have frequently remarked on the stagnation of defined benefit pensions and the concomitant rise of defined contribution plans. This Article suggests that over the last generation something more fundamental, which can justly be called a paradigm shift, has occurred. Americans today primarily conceive of and implement retirement savings...
US pension agency moves against United Airlines
- 2004-08-13
WASHINGTON AFP ? A US government pension insurance program said it will try to stop United Airlines suspending payments to its employee pension funds. The Pension Benefit Guaranty Corp. PBGC will file an objection with a bankruptcy judge overseeing United's reorganisation against a loan agreement that the carrier has...
Unifying the system; Needed a new Department of Retirement Security.(Other Views)
- 2004-02-23
Byline: John Siciliano The grab bag of retirement programs that has become the U.S. pension system is getting threadbare. Pension plans are underfunded by $300 billion-plus; many 401ks and individual retirement accounts are below their initial i Byline: John Siciliano ...
Optimism amid tumult.(Editorial)(pension funds)(Editorial)
- 2003-10-27
As Pensions & Investments celebrates its 30th anniversary, pension plans today are pretty much in the same state they were in 1973. Or are they? They experienced huge losses when the market plunged in 1973, just as they have in recent years. ...
Relief Ahead for Pension Plans.
- 2001-11-13
Byline:Joan Pryde Businesses that sponsor employee pension plans will reap huge savings next year when Congress adopts a substitute for the 30-year Treasury bond rate, which plan sponsors are legally required to use when they determine whether the value of plan assets can support...
Pension reform revisited; New bill would clarify, and build on, recent changes.(Brief Article)(Statistical Data Included)
- 2001-07-02
WASHINGTON-Less than a month after President Bush signed into law the most comprehensive pension reform measure since the passage of ERISA, a new effort is under way to develop and pass yet another reform bill. Business groups and congressional st WASHINGTON-Less than a...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Glenn D. Gunnels | |
| Sherray Gibson | Senior Administrative Assistant |
Glenn D. Gunnels focuses his practice on all areas of employee benefits and executive compensation, including qualified and nonqualified retirement plans, welfare benefit plans, stock option plans, deferred compensation arrangements and executive employment agreements. Mr. Gunnels regularly advises corporate clients on compliance issues with respect to the U.S. Department of Labor, the U.S. Internal Revenue Service, and the Pension Benefits Guaranty Corporation. He has extensive experience with qualified retirement plans including 401(k), ESOP, and defined benefit plans; welfare benefit plans including COBRA and HIPAA issues; incentive compensation plans including stock options, supplemental retirement plans, and bonus arrangements; and employment agreements, including non-compete and confidentiality agreements. Mr. Gunnels also coauthored a chapter on retirement benefit considerations for LLCs for the book Limited Liability Companies in Kentucky.
| Organization | Position | Status |
|---|---|---|
| Schiff Hardin Llp | Partner | Current |
| U.S. Internal Revenue Service | Current | |
| Pension Benefit Guaranty Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Ncna | Administrative Assistant | Current |
| Pension Benefit Guaranty Corporation | Senior Administrative Assistant | Current |
Industry Transcripts by Seeking Alpha
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H&R Block, Inc. F2Q10 (Qtr End 10/31/09) Earnings Call and Investment Community Conference Transcript
on Dec 08, 2009about HRB
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Navios Maritime Holdings Inc. Q3 2009 Earnings Call Transcript
on Nov 18, 2009about NM
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Progressive Corp. Q3 2009 Earnings Call Transcript
on Nov 11, 2009about PGR
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Nelnet Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about NNI
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American Apparel Q3 2009 Earnings Call Transcript
on Nov 10, 2009about APP
Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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